U.S. CLARITY Act Proposes Formal Division of SEC and CFTC Digital Asset Oversight

The Digital Asset Market Clarity Act of 2025 (CLARITY Act) proposes a formal division of regulatory authority over digital assets between the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), as reported by Cointelegraph. This bipartisan bill aims to clarify oversight for digital asset exchanges, disclosure rules, and market conduct. It would classify certain tokens as 'digital commodities,' assigning the CFTC primary oversight for spot and secondary market trading of compliant tokens, while the SEC would retain jurisdiction over primary issuances, disclosures, and investor protection. The U.S. House of Representatives passed the CLARITY Act (H.R. 3633) in July 2025, and as of January 2026, it remains under review by the Senate Banking, Housing, and Urban Affairs Committee, awaiting a final vote.